Bank of New York Mellon Corp raised its holdings in WashingtonFirst Bankshares Inc (NASDAQ:WFBI) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 70,727 shares of the bank’s stock after buying an additional 3,260 shares during the quarter. Bank of New York Mellon Corp’s holdings in WashingtonFirst Bankshares were worth $2,517,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Virtu KCG Holdings LLC bought a new stake in shares of WashingtonFirst Bankshares in the 2nd quarter worth approximately $259,000. The Manufacturers Life Insurance Company grew its position in shares of WashingtonFirst Bankshares by 13.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,035 shares of the bank’s stock worth $312,000 after buying an additional 1,086 shares during the last quarter. California Public Employees Retirement System bought a new stake in shares of WashingtonFirst Bankshares in the 2nd quarter worth approximately $320,000. Rhumbline Advisers bought a new stake in shares of WashingtonFirst Bankshares in the 2nd quarter worth approximately $356,000. Finally, New York State Common Retirement Fund grew its position in shares of WashingtonFirst Bankshares by 131.4% in the 2nd quarter. New York State Common Retirement Fund now owns 12,150 shares of the bank’s stock worth $420,000 after buying an additional 6,899 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.
Shares of WashingtonFirst Bankshares Inc (NASDAQ WFBI) opened at $34.26 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.98 and a current ratio of 1.00. WashingtonFirst Bankshares Inc has a 1 year low of $26.22 and a 1 year high of $37.19. The firm has a market capitalization of $448.95, a P/E ratio of 22.69 and a beta of 0.15.
In related news, CEO Shaza L. Andersen sold 12,314 shares of WashingtonFirst Bankshares stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $34.37, for a total transaction of $423,232.18. Following the sale, the chief executive officer now directly owns 98,577 shares in the company, valued at $3,388,091.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Muldoon sold 2,500 shares of WashingtonFirst Bankshares stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $34.76, for a total value of $86,900.00. The disclosure for this sale can be found here. Insiders have sold 111,334 shares of company stock worth $3,811,359 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.
Separately, BidaskClub upgraded WashingtonFirst Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.
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About WashingtonFirst Bankshares
WashingtonFirst Bankshares, Inc is a bank holding company. The Company, through its subsidiary, WashingtonFirst Bank (the Bank), operates banking offices throughout the Washington, DC metropolitan area. The Company’s segments include Commercial Bank, Mortgage Bank, Wealth Management and Other. In addition, the Company provides wealth management services through its subsidiary, 1st Portfolio, Inc (Wealth Advisors), located in Fairfax, Virginia, and mortgage banking services through the Bank’s subsidiary, WashingtonFirst Mortgage Corporation, which operates in two locations: Fairfax, Virginia and Rockville, Maryland.
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